Solution-Calculate the adr for guest room

Calculate the adr for guest room

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Reference no: EM133149637

A beautiful hotel in Ireland has just spent the last year going through a massive renovation. Using the "Rule of Thumb" formula, when given the following:

The hotel has 405 Rooms
The hotel cost $25.8 million in construction and labour

*REMINDER, BE SURE TO SHOW ALL OF YOUR CALCULATIONS *Reminder if you only enter the final answer, you will receive a zero grade

Calculate the ADR for each guest room?
What is the expected annual revenue?
How many years before the owners will see an ROI?

Reference no: EM133149637

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Calculate the adr for guest room

Reference no: EM133149637

Reference no: EM133149637

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